“A symbolic event”: Kraftwerk tickets sold on blockchain

Tickets for Kraftwerk’s upcoming show at the Kremlin will be sold on the blockchain, marking the first time the much-hyped distributed ledger technology has been utilised for a large headline show.

The German electronic music pioneers will play the concert hall (6,000-cap.) at the State Kremlin Palace (pictured) in Moscow on 13 February 2018. An agreement between promoter TCI and cloud-based ticketing platform Tickets Cloud will see fans given the option to buy a digital ticket, sold via the ethereum-based crypto.tickets blockchain platform, with admission to the show controlled by tearing a ‘stub’ stored on the user’s mobile device – eliminating the need to scan tickets.

“First, we had the paper ticket, then electronic, and now we are moving to crypto-tickets,” says Tickets Cloud/crypto.tickets founder Egor Egerev. “Kraftwerk became pioneers of an entire stratum of modern culture, and selling crypto-tickets to their concerts is a symbolic event.”

“First, we had the paper ticket, then electronic, and now we are moving to crypto-tickets”

Nikolay Sinitsin, TCI’s financial director, adds: “Technologies do not stand still, and the emergence of crypto-tickets solves the most pressing problems in the industry: counterfeits, fraud and scalping. TCI always tries to stay informed and is pleased to [embrace] new technologies that will help us and spectators feel safe and keep pace with the 21st century.”

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